We all remember the 2021 spec boom and then the bust a year later, but now they might be making a comeback

with Mortgage Lender Better and Evie Maker Vinfast both debuting this month.

Our Deirdre Bosa takes a look at their return in today's tech check. Hey Dee.

Yeah so maybe against the odds backs they are back but they're also as volatile as

ever better.com's 90% plus drop on its debut followed a few days later by

VINFAST head scratching 200% surge on its listing but the SPAC class of

2021 it has settled somewhat albeit far from their peaks and that is where some investors are seeing opportunity like Imran Khan as a banker he led Ali Baba's IPO and his chief strategy officer at Snap he built up its ad

business and help bring it public he is now running an investment firm and he's

looking at what he calls valuation arbitrage in that beaten-down spack. He's picked up shares in FinTech

Dave, opened door and grabbed that's a Southeast Asian ride sharing or

Super app. Dave, when it began trading on the Nasdaq after its back merger it had a market cap of

about three billion dollars today its market cap is less than a hundred million

dollars it's a big drop but Khan says that when he looked through the actual financials of the company he saw one with a better profile than a series A or an early stage startup that's still private but way cheaper in the public markets.

The company has 2 million customers,

does around quarter billion dollar revenue,

and the market cap is 85 million dollar.

When I look at the private market valuation

and when I look at this public market valuation,

I think we are finding great value in public market.

So that's his arbitrage, and he said that he has found that

as well in open door and grab.

So the value is there though in part because SPACs as an asset class

...